Two Shields Investments PLC Kalahari Key Mineral Exploration Pty Update (9459A)
September 17 2018 - 3:45AM
UK Regulatory
TIDMTSI
RNS Number : 9459A
Two Shields Investments PLC
17 September 2018
Two Shields Investments Plc / EPIC: TSI / Market: AIM
September 17 2018
Two Shields Investments Plc ("Two Shields" or the "Company")
Update on Investment in Kalahari Key Mineral Exploration Pty
Two Shields Investments plc, the AIM-quoted investing company,
is pleased to announce that Kalahari Key Mineral Exploration (Pty)
Ltd. ("KKME") has signed a contract for a 2,500 line-kilometre
airborne geophysics survey on its exploration licences in the
highly prospective Molopo Farms Complex in Southern Botswana and
the Republic of South Africa. The survey is designed to identify
large targets that could represent significant deposits of nickel,
cobalt, copper and platinum group metals ('PGM'), key metals used
in next generation batteries that fuel the new electric vehicle
revolution. Two Shields is the primary investor in KKME with a
22.2% interest.
The project area is centred on a large layered ultrabasic-basic
intrusion related to the Bushveld Complex, the main source for PGM
on the planet. KKME holds three prospecting licences (310/2016,
311/2016 and 202/2018) covering the geologically selected target
areas, totalling 2,726 square kilometres. KKME has signed an
agreement with the South African company, New Resolution Geophysics
(NRG(TM) ) to undertake a helicopter-supported survey using NRG's
Xcite(TM) Airborne Electromagnetic (AEM) System.
Two Shields' interest in KKME is in line with the Company's
strategy to build a portfolio of investments focused on battery
metals. In addition to KKME, Two Shields holds interests in highly
prospective licences in Mali and Niger located within the rapidly
emerging lithium district in the Bougouni region and an 11.12%
interest in African Battery Metals (AIM: ABM). ABM holds cobalt
assets in the Democratic Republic of Congo, cobalt-nickel
exploration assets in Cote d'Ivoire, cobalt assets in Cameroon as
well as a gold project in Sierra Leone.
Charlie Wood, Chairman, said: "We are pleased with the work
progress of KKME and its expert team. We look forward to following
the progress of the survey and the results later in the year. KKME
is just one investment within our dual-focused portfolio centred on
technology-related mineral exploration and mining, as well as
digital assets and disruptive technologies operating in the
blockchain space and financial sector. With activity taking place
across our portfolio including drilling at our lithium assets in
West Africa, as well as updates due from global cybersecurity
company Brandshield and innovative social e-commerce platform
WeShop, both of which are key investments within our technology
portfolio, the next few months will not be short of high impact
news flow."
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
**Ends**
For further information please visit https://twoshields.co.uk/
or contact:
Charlie Wood Two Shields Investments Plc +44 (0)207 236 1177
Spark Advisory Partners Limited
Neil Baldwin/Andrew Emmott (Nominated Adviser) +44(0)203 368 3554
Nick Emerson SI Capital Ltd (Broker) +44 (0)1483 413500
Frank Buhagiar/Gaby Jenner St Brides Partners Ltd +44 (0)207 236 1177
Notes to Editors:
Two Shields Investments Plc is an investing company, quoted on
the AIM market of the London Stock Exchange, with a strategy
focused on identifying and investing in opportunities in mineral
exploration and mining and also Digital Assets, financial
technologies and other technologies applicable to, or involved in,
the blockchain space. The Company has an experienced Board of
Directors with a proven pedigree in the acquisition, development
& sale of projects and creating value for shareholders. The
investment mandate covers unquoted and quoted businesses, as well
as direct project investment.
The Company currently has investments in a number of companies
which provide exposure to commodities which are relevant to the
rapidly growing technology metal sector, including lithium, cobalt
and nickel, as well as strategic positions in a geoscience
consultancy and a leading international company in the online brand
protection, anti-counterfeiting and anti-fraud sector which has
developed the one of the most comprehensive systems using AI
powered cyber intelligence systems and is developing its
proprietary blockchain-based platform for anti-fraud purposes.
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END
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